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Metal News

Metals news continually updated from thousands of sources around the net.

24 min ago | The Age

Ex-BHP chair Don Argus calls $16b demerger 'inspired'

Former BHP Billiton chairman Don Argus said the mining giant's controversial decision to spin off a $US15 billion resources company is "a very inspired move" and will create value in a suite of assets overlooked by the market.

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Related Topix: BHP Billiton, Mining

Wed Aug 20, 2014

AmericanBankingNews.com

Commercial Metals Company VP Unloads 1,100 Shares of Stock

Commercial Metals Company VP Adam B. Batchelor unloaded 1,100 shares of the stock on the open market in a transaction that occurred on Friday, August 15th.

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Related Topix: Mining, Commercial Metals

Business Journal

BP, ConocoPhillips and others bid big for Gulf of Mexico drilling

BP PLC , ConocoPhillips , Chevron Corp. , BHP Billiton Ltd. and Venari Resources LLC were the most active bidders in the lease sale that drew high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore of Texas.

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Related Topix: BP plc, Oil & Gas, ConocoPhillips, Energy, Chevron Corporation, BHP Billiton, Mining

AmericanBankingNews.com

BHP Billiton Limited

BHP Billiton Limited announced a semiannual dividend on Wednesday, August 20th, Analyst RN reports.

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Related Topix: BHP Billiton, Mining

Reuters

Australia shares dip as investors dump BHP on spin-off fears

Australian stocks slipped on Wednesday as investors dumped shares of BHP Billiton after the global miner missed earnings expectations, though an upbeat finish on Wall Street helped temper losses as investors digested a raft of earnings.

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Related Topix: BHP Billiton, Mining, Financial Markets

Reuters

Mining giant Glencore makes good on pledge with $1 billion buyback

Diversified mining companies have vowed to control their spending and reward shareholders more after being criticized for years of squandering money on risky projects that resulted in multibillion-dollar writedowns as metals prices started to fall.

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Related Topix: Xstrata, Mining, Oceania, New Caledonia, World News

Fox News

Glencore Makes Good on Pledge with $1B Buyback

Commodities group Glencore became the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to $1 billion as it reported forecast-beating first-half profit.

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Related Topix: Mining, Xstrata, Business News

The Age

'Bought on rumour, sold on fact'

Aus shares continue week's gains. BHP Billiton Limited unveils an annual profit jump and plans to create a new $15B spin off entity.

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Related Topix: BHP Billiton, Mining, Agriculture, Household Products, Wesfarmers, 9

Reuters

Australia shares reverse early losses to end higher, BHP slumps

Australian shares reversed early losses on Wednesday to edge higher as investors dumped shares of BHP Billiton after the global miner missed earnings expectations, though an upbeat finish on Wall Street helped boost the market.

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Related Topix: BHP Billiton, Mining

Tue Aug 19, 2014

GlobeNewswire

AETI Sells American Access Technologies

American Electric Technologies, Inc. , a leading supplier of power delivery solutions for the global energy industry, today announced it completed the sale of its American Access Technologies business to Fabricating Technologies, LLC on August 15, 2014 for $2.3 million in cash.

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Related Topix: Industrial Machines, American Access Technologies

Business Journal

a BHP to spin off new metal and mining company

Energy and mining giant BHP Billiton Ltd. will spin off its aluminum, manganese, nickel, silver and some of its coal operations into a new company, called only "NewCo" for now.

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Related Topix: BHP Billiton, Mining

AmericanBankingNews.com

BHP Billiton Limited Rating Lowered to Underperform at Credit Suisse

A number of other firms have also recently commented on BHP. Analysts at Cowen and Company raised their price target on shares of BHP Billiton Limited from $72.00 to $74.00 in a research note on Wednesday, July 30th.

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Related Topix: BHP Billiton, Mining

Brandon Sun

Handy and Harman fine silver quotation $22.003 oz., $707.40 kg.

We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn't know, mark it high.

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Related Topix: Industrial Machines, Handy and Harman

The Motley Fool

3 Reasons BHP Billiton Ltd Stock Could Fall

That's going to pay dividends over the long haul, but in the near term, economic growth and commodity prices are going to be a much bigger determinant of financial performance.

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Related Topix: BHP Billiton, Mining

Northern Life

Golden parachute for Cliffs boss

Gary Halverson's time as president and CEO of Cliffs Natural Resources was short but sweet; extremely sweet.

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Related Topix: Cleveland Cliffs, Mining

The Globe and Mail

BHP unveils spinoff plan, holds off on share buyback

A promotional sign adorns a stage at a BHP Billiton function in central Sydney August 20, 2013.

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Related Topix: BHP Billiton, Mining

Wall Street Journal

BHP Billiton Demerger Plan Disappoints U.K....

PLC's full-year earnings announcement on Tuesday. But investors seem to have decided the results weren't worth waiting for.

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Related Topix: BHP Billiton, Mining, Opinion

Wall Street Journal

BHP Billiton to Spin Off Assets

BHP Billiton Ltd. said its annual profit rose 23%, as it detailed plans to create a new company to house assets including nickel mines and aluminum smelters that would be listed on Australia's stock exchange.

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Related Topix: BHP Billiton, Mining

Mon Aug 18, 2014

Inside Bay Area

Oakland garbage lawsuit could lead to higher rates

The company that lost out on Oakland's $1 billion garbage and recycling contract is asking a judge to reject the City Council's decision last week to contract with a competing firm and force it back to the bargaining table.

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Related Topix: Oakland, CA, Wallbridge Mining Company, Mining, Alameda County, CA

KIII

Fire Investigators Look Into Cause Scrap Metal Recycling Plant Fire

The Corpus Christi Fire Department is investigating the cause of a business fire off Highway 44 that started 1 a.m. Monday at the Commercial Metals Company recycling branch on Agnes and Bronco.

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Related Topix: Fire, Commercial Metals, Mining

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